Gambling investment is zero sum - page 5.

pinoycash

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Quote from: metalbean on January 04, 2017, 06:31:19 PM

Gambling investment is zero or negative sum, considering the house has to profit.

So why are you guys do bitcoin gambling as an investment instruments? OR merely just for the fun, like going to a physical casino.

I for myself, i dont treat gambling as an investments, the moment your start gambling your return is not guaranteed while investments (trading) we expects some results and win or loose we still have the % of our Capital

piloder

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Quote from: metalbean on January 05, 2017, 03:42:26 AM

You are right, I've confused gambling investment to gambling, didn't know that we are actually the HOUSE when investing bitcoins in bitcoin gambling sites.

Investing in casino's bankroll is better than gambling however investing in any gambling platform is almost like gambling because there are several examples where casino's bankroll have seen huge loss because of some lucky players. And i personally don't think it is better to take high risk investing in casino's bankroll for very low profit.

BossMacko

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Quote from: metalbean on January 04, 2017, 06:31:19 PM

Gambling investment is zero or negative sum, considering the house has to profit.

So why are you guys do bitcoin gambling as an investment instruments? OR merely just for the fun, like going to a physical casino.

Somewhat what you are saying is true but the larger your investment is plus the population of gamblers playing in one casino will give you a bigger profit in the long run. Investment is a game of patience and wit so the more you wait , the more you will profit because house always win.

Caladonian

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Quote from: metalbean on January 05, 2017, 03:42:26 AM

Quote from: Yuuto on January 04, 2017, 07:01:02 PM

I think you might have confused "gambling" and "gambling investment". If you are gambling then obviously you should be doing so for fun and not the profit, and if you try to go for the profit eventually you'll lose in the long run.

You are right, I've confused gambling investment to gambling, didn't know that we are actually the HOUSE when investing bitcoins in bitcoin gambling sites.

Yeah mate theres some casino site that allow us to invest our btc to be use as additional capital for their business its allowed some percentage depending on how much they will gave us in weekly or monthly basis, with regarding to what you mean i guess most of the gamblers didnt mind losing their hard earn money just to fill up their lust of playing/betting.

myhung76393

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Bitcoin is very useful, but I still like to use bitcoin gambling
Investing in uncertain gambling is the wrong choice
I really don't agree with your opinion

oxygen88

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Because of the house edge, casino will always win players money in the long run, this is maths, so it is a good investment to invest in casino bankroll

The profits may be slow, but it is good

metalbean

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Quote from: Yuuto on January 04, 2017, 07:01:02 PM

I think you might have confused "gambling" and "gambling investment". If you are gambling then obviously you should be doing so for fun and not the profit, and if you try to go for the profit eventually you'll lose in the long run.

You are right, I've confused gambling investment to gambling, didn't know that we are actually the HOUSE when investing bitcoins in bitcoin gambling sites.

adaseb

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Quote from: metalbean on January 04, 2017, 06:31:19 PM

Gambling investment is zero or negative sum, considering the house has to profit.

So why are you guys do bitcoin gambling as an investment instruments? OR merely just for the fun, like going to a physical casino.

Yes it is actually always negative sum. However people still gamble despite the odds.

For some its a bad addiction which is bad for the gambler but good for the Casino.

For others its purely a form of entertainment and they don't gamble anymore than they can afford to lose. Some spend money on vacations, dinners, and others spend money on gambling for their fun in life.

BTCevo

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Quote from: metalbean on January 04, 2017, 06:31:19 PM

Gambling investment is zero or negative sum, considering the house has to profit.

So why are you guys do bitcoin gambling as an investment instruments? OR merely just for the fun, like going to a physical casino.

Nope, there is no fun in doing this, what people aim is only profit in a long term and becoming house by investing skme money really good choice. Mostly it will skyrocketing of profit in a long term though, because there is always house edge which is always support them to win

Yuuto

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Quote from: metalbean on January 04, 2017, 06:31:19 PM

Gambling investment is zero or negative sum, considering the house has to profit.

So why are you guys do bitcoin gambling as an investment instruments? OR merely just for the fun, like going to a physical casino.

If you are INVESTING in casinos, that means you ARE the house. Which means that you are going to profit in the long term because the house edge stands on your side. The more people gamble, theoretically the more you are going to profit.

So no, gambling investments are actually +EV and that's why people do invest in the house.

I think you might have confused "gambling" and "gambling investment". If you are gambling then obviously you should be doing so for fun and not the profit, and if you try to go for the profit eventually you'll lose in the long run.

maku

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Usually when we are talking about gambling investment we mean that our money are used to fuel casino's bankroll, therefore you effectively become the House.
It is as you said, House needs gain profit and this way House will share its profit with investors. But again it is an investment. You are not collecting accrued interest here.

Players can at some point become very lucky effectively consuming large share of casino's (and yours) bankroll, so you might lose your invested money.

metalbean

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Gambling investment is zero or negative sum, considering the house has to profit.

So why are you guys do bitcoin gambling as an investment instruments? OR merely just for the fun, like going to a physical casino.

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